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How buyers and sellers behave and interact Supply and demand is important
Income, occasion, preference and prices
Those are some factors that affects the demand Supply (demand)
When the price goes up the demand goes down
Supply (demand) Supply (demand)
When the price goes up the demand goes down When the price goes down the demand goes up
Supply (demand) Supply (demand)
When the price goes down the demand goes up The supply increases when the price does too
Supply (demand) Supply (demand)
The supply increases when the price does too When the price drops the supplies drop too
Supply (demand)
When the price drops the supplies drop too Prices hits you hallelujah
Prices hits you hallelujah
Prices hits you hallelujah Prices hits you hallelujah
Prices hits you hallelujah And economics gon’ teach it you
Prices hits you hallelujah And economics gon’ teach it you
And economics gon’ teach it you And economics gon’ teach it you
And economics gon’ teach it you We will use it in our daily life
And economics gon’ teach it you Don’t believe me just watch
We will use it in our daily life Don’t believe me just watch
Don’t believe me just watch Don’t believe me just watch
Don’t believe me just watch Don’t believe me just watch
Don’t believe me just watch Don’t believe me just watch
Don’t believe me just watch Don’t believe me just watch
Don’t believe me just watch Hey, hey, hey, oh
Don’t believe me just watch
Hey, hey, hey, oh Before we leave
Elasticity, important thing
Stop, wait a minute Response of Consumers to Price change
What is demand and supply? less than a percent change, means inelastic demand
take a dip, sign the check I said, more than a percent change, means elastic
demand
Oh Wait, get the purse!
just a percent change means unitary demand
We have income, product's price, fashion, and
confidence
Elasticity, mind it! Blue- Noen
If you know, then flaunt it Yellow- Queenie
If you’re wise, ya’ own it Red- Rashel
Don't brag about it, come show me, come on Black- All
Knowledge, use it
If you know, then flaunt it
Well, it’s an important thought we just brought!
Don't believe me, just watch, come on.
Alyanna – Green
Dani- Purple
Shan-Orange